Stock Market: Sensex Slips 237 Points, Nifty Settles Below 18,050 Dragged By FMCG, Metals, Pharma

Stock Market: Sensex Slips 237 Points, Nifty Settles Below 18,050 Dragged By FMCG, Metals, Pharma

The key equity benchmarks, Sensex and Nifty, on Friday ended days’ volatile trade in losses.

The S&P BSE Sensex closed 237 points lower at 60,622, after it touched an intra-day high of 61,001. On the other hand, the NSE Nifty50 settled at 18,028, down 80 points. The Nifty50 touched the day’s high of 18,145 before fizzling out gains.

On the 30-share Sensex platform, HUL, Asian Paints, Bajaj Finance, Nestle, Bajaj Finserv, Reliance were the prime losers. On the flip side, PowerGrid, HDFC Bank, HDFC, ITC, Tata Motors, ICICI Bank emerged winners.

#ABPLiveStockMarketWatch | Indian equity benchmarks on Friday ended days’ volatile trade in losses

news reels

At 03:30 PM, #Sensex sheds 237 points to 60,622 & #Nifty loses 80 points to close at 18,028Here’s a look at the stocks in focus:#ClosingBell #ABPLive #MarketWatch

— ABP LIVE (@abplive) January 20, 2023

In the broader markets, the BSE Midcap and Smallcap indices falling up to 0.7 per cent.

Within sectors, Nifty consumer durables, FMCG, metals, realty, and pharma indices suffered the most losses ending around 1 per cent lower each, while bank and financial pockets held ground and logged fractional gains.

The S&P BSE Sensex declined 187 points or 0.3 per cent to close at 60,858 levels, while the NSE Nifty50 settled at 18,107, down 57 points or 0.3 per cent.

Meanwhile, the rupee appreciated 18 paise to close at 81.18 (provisional) against the US dollar on Friday on broad dollar weakness. However, weak domestic equities and a surge in crude oil prices capped sharp gains for the local currency, forex traders said.

Also Read  Non-NCR Cities Pips Noida, Ghaziabad To Attract Over 60% New Housing Projects In Last 5 Years: UP RERA Data

At the interbank foreign exchange market, the local unit opened strong at 81.24, and settled for the day at 81.18 (provisional), registering a rise of 18 paise over its previous close.

During the trading session, the local unit witnessed an intra-day high of 81.09 and a low of 81.28 against the American currency. On Thursday, the rupee closed at 81.36 against the US dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.21 per cent to 102.26.

Global oil benchmark Brent crude futures rose 0.48 per cent to $86.57 per barrel.

Foreign Institutional Investors (FIIs) were net buyers in the capital market on Thursday as they purchased shares worth Rs 399.98 crore, according to exchange data.